Car loan calculator

Easily estimate your budget for your dream car

Vehicle price

$

Down payment

Optional

$

Trade-in value

Optional

$

Term length

Credit score

Your estimated biweekly payment

$298

8.99% APR (estimated based on your credit score)

Personalize your financing terms in minutes, with

no impact to your credit score.

Get financing through Clutch

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Quick and easy

Fill out our online form to get pre-qualified in minutes––with no fees, and no impact to your credit score.

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Shop within your budget

Discover the perfect vehicle with payments you are pre-qualified for.

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Competitive rates

We partner with some of Canada's largest financial institutions to help get you a great rate.

Meet our biggest fans

review author with their recently purchased car
google logo five stars

I had an amazing experience with clutch as a first time buyer in Canada. The support team is too helpful.

Hemang P.
Ottawa, ON
review author with their recently purchased car
google logo five stars

From initial phone conversations to in-person car pick up, the service was beyond top notch. Customer service team was personable and went all out to help us get our car (which we love), and were so helpful and accommodating start to finish. We have already recommended Clutch to several people and talked about our experience on social media (and will continue to do so)! ♥️

Haley M.
Halifax, NS
review author with their recently purchased car
google logo five stars

Really simple trade in and no haggle/pressure buying process, would definitely recommend. Special shout out to Rebecca and Tyler on the Halifax team, great service!

Kevin G.
Upper Tantallon, NS
review author with their recently purchased car
google logo five stars

Hands down BEST CAR BUYING EVER!! I hate pushy salespeople especially when I know what I am looking for. I did my homework and got the best deal for a premium car with low mileage. My trade in offer was higher than expected. No one was calling me to make a sale—everything was on MY terms which is exactly how I like to make large purchases. I would recommend Clutch to anyone who knows what they are looking for and likes to be in control of the situation when buying a vehicle.

Dana M.
Kingston, ON
review author with their recently purchased car
google logo five stars

Amazing, took two days to get my car delivered to Ottawa. Amazing experience. Who knew buying a car online could go so smoothly

Katrina S.
Ottawa, ON
review author with their recently purchased car
google logo five stars

Very convenient, fast and affordable. We chose a car, and we are very satisfied with it!

Ilona T.
London, ON
review author with their recently purchased car
google logo five stars

Great experience with the team, the quality of vehicle is top notch and the value added services is worth every pennies.

Victor I.
Kingston, ON
review author with their recently purchased car
google logo five stars

Super easy process; very friendly team; vehicle as advertised. Thanks for a great experience!

Brad C.
Ottawa, ON
review author with their recently purchased car
google logo five stars

Everything was made so easy to trade my car in, Chad is the go to guy!! Excellent customer service 👌🏼👌🏼.. they also have a wide range of vehicles to choose from..and it’s also my 2nd SUV from Clutch, I highly recommend !!

Kim B.
Halifax, NS
review author with their recently purchased car
google logo five stars

The interface of the website is too good. My search went swiftly and got the list of the cars that I was looking for. The onboarding went pretty well and got myself a new car. Had a wonderful experience throughout the purchase

Purvam B.
Windsor, ON
review author with their recently purchased car
google logo five stars

Team is amazing with communication The process of buying cars with clutch is so easy, smooth and hustle free

Glenn S.
North York, ON
review author with their recently purchased car
google logo five stars

Excellent process from start to finish. Easy to communicate with, trade in process very smooth, excellent team to deal with (Rebecca and Maisael) and delivery was fast and seamless.....will definitely buy from CLUTCH again.

Chris C.
Barrie, ON
review author with their recently purchased car
google logo five stars

I had an amazing experience with clutch as a first time buyer in Canada. The support team is too helpful.

Hemang P.
Ottawa, ON
review author with their recently purchased car
google logo five stars

From initial phone conversations to in-person car pick up, the service was beyond top notch. Customer service team was personable and went all out to help us get our car (which we love), and were so helpful and accommodating start to finish. We have already recommended Clutch to several people and talked about our experience on social media (and will continue to do so)! ♥️

Haley M.
Halifax, NS
review author with their recently purchased car
google logo five stars

Really simple trade in and no haggle/pressure buying process, would definitely recommend. Special shout out to Rebecca and Tyler on the Halifax team, great service!

Kevin G.
Upper Tantallon, NS
review author with their recently purchased car
google logo five stars

Hands down BEST CAR BUYING EVER!! I hate pushy salespeople especially when I know what I am looking for. I did my homework and got the best deal for a premium car with low mileage. My trade in offer was higher than expected. No one was calling me to make a sale—everything was on MY terms which is exactly how I like to make large purchases. I would recommend Clutch to anyone who knows what they are looking for and likes to be in control of the situation when buying a vehicle.

Dana M.
Kingston, ON
google logo
five stars

4.8 stars, 1000+ reviews

FAQ

The Clutch car loan calculator is designed to help you estimate your monthly and biweekly car payments based on several key inputs. Here's how it works:

Vehicle price: Enter the price of the vehicle you are interested in purchasing.

Down payment (Optional): Input the amount you plan to pay upfront. A higher down payment reduces the total amount you need to finance.

Trade-in value (Optional): If you have a vehicle to trade in, enter its estimated trade-in value. This amount will be subtracted from the vehicle price to reduce the loan amount.

Term length: Select the duration of the loan, ranging from 24 to 96 months. A longer loan term results in lower monthly payments but may increase the total interest paid over the life of the loan.

Credit score: Choose your credit score from the available options. Lower credit ratings typically result in higher interest rates, while higher credit ratings can qualify you for lower interest rates.

Using these inputs, the car loan calculator estimates your monthly and biweekly car payments, taking into account the interest rate applicable to your credit rating. This helps you understand what to expect and plan your budget accordingly for your auto financing needs.

Applying is easy and completely online. Select ‘Financing’ as your preferred payment method during checkout and you'll be guided through all of the steps to complete your application. Once you complete your financing application, we’ll send it to potential lenders for approval. If potential lenders require more information, we’ll reach out and ask you to provide it.

Gross income is your total monthly or yearly income before any taxes are deducted. This amount is higher than your “net pay” or “take-home pay.”

Interest is calculated on a per payment basis. This means that if you pay the loan off early you will not be charged the remaining interest. Note: If you decide to put extra money down on the loan after you take possession of the car, it will not lower your payment instalments—it will only shorten the length of the term of the loan.

The minimum amount your lender can lend is $7,500 after taxes. If the amount is below this, lenders cannot finance a contract. Once the vehicle is financed, however, you can immediately put money down on the loan to reduce it to your desired loan amount.

If you didn’t qualify for financing, we suggest adding a co-applicant! That will help strengthen your profile to increase the probability of approval. Email us at offers@clutch.ca and we can help guide you through the process.

Down payments are usually not required. In some cases, however, lenders may require a down payment to approve financing. If you choose to put a down payment, you may pay as much as you’d like as long as the minimum amount financed is $7,500. If the amount is below this, lenders cannot finance a contract.